ELLS Shareholder Greg Lewis, Director of Marketing Lindsay Conderman, Anaheim Rotary President Greg Smith, ELLS Tax Manager Carol Painter and Shareholder Ed Lieber posed for a picture after the ELLS’ Anaheim Enterprise Zone Presentation. ELLS shared information about business/employee eligiblity, calculation of credits and other tax advantages to the Anaheim Enterprise Zone. For more information [...]
The IRS has announced that they will be extending the deadline for 2009 and 2010 filings of Forms 8955-SSA from August 2011 to January 17th, 2012. Form 8955-SSA is used to report participants with deferred vested pension benefits. Only the 2009 form and instructions have been released, with the 2010 coming shortly. Filing the 8955-SSA [...]
Employers should be advised on a bogus email scam referencing Electronic Federal Tax Payment System (EFTPS). The email being circulating contains a link, if clicked on, could be malicious software. This software is designed to gain scammers access to your financial information. The Internal Revenue Service does not make contact with taxpayers regarding EFTPS via [...]
We are all getting very excited about summer vacations! While summer vacations are relaxing the planning can be stressful. I found this great article in the Sacramento Bee, with some smart tips about steps you can take before you travel to ensure a safe and relaxing vacation. Happy travels!! http://bit.ly/kbvTEk Posted 5/19/2011
Beginning January 1, 2011 Federal tax deposit coupons will no longer be accepted for submitting depository taxes by businesses. As of this date all federal payments should be made electronically. The system in which the IRS has set up to receive such payments is Electronic Federal Tax Payment System (EFTPS). The process of enrolling in [...]
ELLS CPAs will be at the Apartment Association of Orange County Tradeshow on March 10th at the Orange County Fairgrounds. We will be giving away a Kindle and talking about your real estate and cost segregation services. See you there!
California has taken a different approach to stimulating jobs. In February 2009, the Legislature approved $400 million in state income tax credits to small businesses with 20 employees or less that increased their full-time workforce in 2009. The tax credit is worth up to $3,000 for each new full-time worker, pro-rated for the worker’s length [...]
 We’ve just finished a year when we’ve been bruised and battered as we’ve all worked to keep our businesses open. This is definitely the time to “make lemonade out of lemons” and get busy on planning for a better year ahead. If concentrating on your bottom line gets you depressed, and you know you’ve [...]
Time is running out on many tax savings and lucrative business credits. Extensions have been slow in materializing as Congress focuses its attention on Healthcare legislation while business is taking a back seat, at least for now. There are still opportunities for tax saving strategies that can be implemented before the final bell on December [...]
On Thursday, Nov. 5 th our very own Maria T. Arriola stole the show at the Transamerica Retirement Services Breakfast for Financial Advisers. The presentation was attended by over 30 different businesses that operate in the retirement services arena and Maria was invited to co-present along with Dave Wilkins, Regional Vice President of Transamerica Retirement [...]